Taxpayers, deductors or collectors can pay direct taxes through Authorised Bank branches either physically, through ATM or through internet. Type of Challans to be used for tax…
View More Important steps with respect to payment of taxesTag: TAN:
Reasons for rejection of correction statement by TDSCPC
Following are the common reasons for rejecting a correction statement: TAN is not valid as per data at TDSCPC Statement corresponding to regular token number…
View More Reasons for rejection of correction statement by TDSCPCPAN and TAN application fees revised by NSDL
W. e. f. June 1, 2015, PAN & TAN application fees have been revised as under: 1. For dispatch of PAN card in India: Â Rs.…
View More PAN and TAN application fees revised by NSDLDeduct tax at source while purchasing property
Deduct tax at source while purchasing property else, you’ll need to pay from own pocket with interest and penalty. On receiving a notice from the…
View More Deduct tax at source while purchasing propertyObtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”
At present, any person who is required to deduct tax at source (other than under Section 194IA) is expected to obtain a TAN and quote…
View More Obtaining / quoting tax deduction and collection account number (TAN) relaxed for certain notified persons – “Section 203A”Quick steps to generate TDS Certificate using TDSMAN
Below are the quick steps to generate TDS Certificate using TDSMAN Software: In TRACES Information menu 1. Request for Form 16A / Form 16 (Part…
View More Quick steps to generate TDS Certificate using TDSMANFAQ on Online Correction
What is Online Correction? TRACES has provided the functionality of “Online Correction” where deductor can perform correction of TDS/TCS statements online. Following are the various…
View More FAQ on Online CorrectionBasic principles of TDS Compliance
The following are the basic principles of TDS compliance: Deduction/ Collection of Tax at Correct Rates Timely Deposit of Tax Deducted at Source Accurate Reporting…
View More Basic principles of TDS ComplianceTDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissions
CPC (TDS) has issued an advisory communication to all deductors stating that they should not wait for the last moment to submit their TDS statements…
View More TDS Statement filing for Q4 for FY: 2014-15 – Please don’t wait for the last moment for your submissionsTips to avoid all types of TDS Defaults
One can avoid defaults in the TDS statements, by way of adherence to the following basic principles:Â Â Timely Payment of total taxes deducted/ collected Correct…
View More Tips to avoid all types of TDS Defaults